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A mortgage borrower enters into a conventional mortgage contract, in which he borrows $72,200 for 22 years at a rate of 7.99%. What is the
A mortgage borrower enters into a conventional mortgage contract, in which he borrows $72,200 for 22 years at a rate of 7.99%.
What is the interest only payable in month 120?
A. $359.41
B. $339.41
C. $379.41
D. $313.41
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